Bitcoin has formed a hidden bullish divergence, a pattern often preceding price increases, according to analysts. Javon Marks highlights that this divergence aligns with similar structures seen since mid-2023, which have historically led to bullish trends. Currently, Bitcoin trades above $110,000, with the RSI indicating lower lows while prices form higher lows, suggesting an upward bias.
Throughout October, Bitcoin has traded within a range of $112,130 to $125,000, maintaining stable volume and controlled volatility. This consistent trading activity supports the potential for continued upward movement in the current cycle.
Bitcoin's Hidden Bullish Divergence Signals Potential Upside
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